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PCTEL Acquires Swedish Smarteq Wireless to Expand Antenna Portfolio
Tuesday 04 May 2021

US-based wireless technology PCTEL, Inc. (NASDAQ: PCTI) has acquired Sweden-based antenna supplier Smarteq Wireless AB from Allgon AB to expand vehicular and IoT antenna portfolio, the company said.

Terms of the transaction were not disclosed.

Smarteq gives PCTEL has a strong local presence, expertise, and channel partners to accelerate growth in Europe, as well as a complementary portfolio of products for PCTEL's Industrial IoT and intelligent transportation customers worldwide.

With the addition of Smarteq, PCTEL enters new markets such as electric vehicle charging stations.

PCTEL is a provider of wireless technology, including purpose-built Industrial IoT devices, antenna systems, and test and measurement solutions.

Smarteq Wireless provides antennas for smart metering, luxury vehicles, electric vehicle charging stations, industrial factory process automation, heavy construction and off-road vehicles.

The company focusses on external antennas that meet high standards for performance, reliability and robustness.
Date Published: 04/05/2021